Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Lucrative Laundromat With Heavy Value Add Potential In Waterford For Sale

Waterford, Connecticut, US
Asking Price:
$255,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$354,003
Cash Flow:
$70,000

HS Listing ID-39940

Located in shopping center with plenty of parking available & in direct vicinity of multiple major brands.

The Shopping center is located in bustling town by the water with thousands of apartments, multiple schools, parks, a museum, & ferry stop.

3,500 SQ FT.

Immense value add opportunity, additional 3,000 SQ FT retail space next door potentially willing to sell, can be a good mega store. This location could use new equipment that’ll reduce utility bills.

5 Employees, all part time.

Well established in this location for 33 years, current owner since 2017.

10 Year lease with (2) 5 year options for new buyer.

7AM – 10PM Hours of operation, can be extended to 24 hours.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

10 Year lease with (2) 5 year options for new buyer.

Leasehold Rent:

$68,597 per annum

Premises Details:

3,500 SQ FT. Located in a shopping center with plenty of parking.

Size in square feet:
3,500

Business Operation

Expansion Potential:

Immense value add opportunity, additional 3,000 SQ FT retail space next door potentially willing to sell, can be a good mega store. This location could use new equipment that'll reduce utility bills.

Competition / Market:

Well established in this location for 33 years, current owner since 2017.

Reasons for selling:

Other business interests.

Years established:
33

Other Information

Support & training:

Yes.

Financing available:

N/A